Brian Mitchell
bought house to use as personal residence but now will sell it
Hello everybody,I bought a house "up north" at a tax sale at the end of 2013. Original intent was to fix it up and move/live there. The house needed work but I didn't do to much to it in 2014 but this year I am gettin...
Mike Lynch
Help with 1031 exchange question
Hi,I realize that I cannot exchange investment property for a Personal Residence.I was told that I can do a 1031 exchange for a rental or business property.For instance: What if I purchase a "Bed and Breakfast" or cam...
Account Closed
Which state to locate LLC?
We currently live in Oregon, we have 2 single family rental properties located in Arkansas, we're looking to purchase our 3rd property in Indiana. Our 2 current rentals are under our own name, but we are planning on s...
Thomas Bullock
Best Loans to use to scale
My friend and I are both veterans. We invested in a 3 family property about a year ago now. 100% of my friends VA loan was used, however, I am still on the loan because it was the only way we could get approved for th...
Robert French
New to real estate. Will a license help?
My name is Robert French and I'm currently in the process of transitioning out of the US Navy. I have seemed to develop a legit interest in breaking into the real estate industry. I am super new to the ins and outs bu...
Nathaniel K.
Loan under LLC vs. Personal Name to begin
Hi everyone, My post for today is in regards to if it is better to get a loan with an LLC or personal name when purchasing my first investment property. I ask this question because ideally I would like to create an LL...
Jay Gibbs
Properties purchased in personal name on behalf of business.
Hello Everyone,I have a tax question that has been bugging me because I cannot get a clear answer. So in 2021 my partner and I purchased 2 properties in our personal names on behalf of our business. Our business also ...
Ashley Wynn
BRRRR: Refinancing: Quitclaim Deeding
Looking to start BRRRRing, but after speaking with several local lenders in Alabama about refinancing properties held in LLC, it appears that most only provide adjustable loans with 15-20 years terms. These terms in a...
Chris Boselli
First BRRRR Deal Completed in Memphis, TN
Hey BiggerPockets Community! Writing today excited and inspired as we just recently completed our first project ever in Memphis, TN and I just wanted to share the details with everyone here...while this project ended ...
Jeremy Zindel
Deduct charitable contributions on a Schedule E (or C)?
First off, I know this is a very specific question to my circumstances and I already have an appointment with a CPA to ask this and many other questions but I wanted to get a feel from anyone in the BP community who m...